7% Drop Already Seen—Will October Bring a Rebound?

Author: Mustafa Mulla

Mustafa Mulla

Author

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 9, 2024 17:42

September has proven to be Bitcoin’s toughest month, with prices have fallen nine times from 2013 to 2024. This month is the only one where Bitcoin has shown a negative average performance, while August barely stays positive with a 1.8% average gain. In 2024, Bitcoin is down nearly 7% since September began, now hovering just over $55,230. But there’s a glimmer of hope, as October has historically been much kinder to Bitcoin, often showing positive trends.